Question

According to one of the assumption of Law of Diminishing Marginal Utility, there should be ______ between the consumption of one unit and another unit.

Options

• Equal time gap

• No time gap

• Long time gap

• Any of these

Answer 1

According to one of the assumption of Law of Diminishing Marginal Utility, there should be no time gap between the consumption of one unit and another unit.

Explanation:

The law assumes continuous consumption, with no significant interval between units. A long gap could change the consumer’s wants or circumstances.